P15-3 (similar to) Question Help Related to Checkpoint 15.1) Calculating capital structure weights) Winchel investment Advisors is evaluating the capital structure of Ojal Foods Ojais balance sheet indicates that the firm has 549 53 million in total abilities Ojal has only $40.37 million in short and long-term debt on its balance sheet. However, because interest rates have fallen dramatically since the debt was issued Ojals short and long-term debt has a current market price that is 10 percent over its book value or $44 41 milion. The book value of jais common equity is $51.15 million but the market value of the equity is currently $99 17 milion a. What is Ojal's debt ratio and interest-bearing debt ratio calculated using book values? Whats Ojais debt-to-enterprise-value ratio calculated using the market values of the firm's debt and equity and assuming excess cash is zero? c. If you were trying to describe Ojals capital structure to a potential andere a bank would you use the book value-based debt ratio or the market value-based debt-to-enterprise-valeratio? 2. Olafs debt ratio calculated using book values is (Round to one decimal place)